Powering up in the valley

AN apartment development in White Gum Valley will become the first in Australia where residents can trade excess renewable energy with each other.

The Evermore development by Yolk Property Group will feature blockchain technology developed by the company Power Ledger which is wired into the solar panel/lithium battery network.

The 53.6kW solar system and 150kW battery storage is expected to produce about 80 per cent of the complex’s energy needs. Energy-thrifty residents can on-sell their excess to their more power-hungry neighbours.

The system is so cutting-edge, the bylaw template drawn up for the governing strata body was so new it’s been adopted by the state government for future developments.

Yolk director Tao Bourton said people were becoming increasingly interested in sustainability initiatives when buying property, and the power-trading scheme had driven a spike in interest in the development.

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